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Disclaimer July 15, 2021 │ Update Disclaimer July 15, 2021 │ Update The content here in has only informative purposes. It does not constitute a recommendation, advice, or personalized suggestion of any product and/or service that suggest you make investment decisions as it is necessary to previously verify the congruence between the client's profile and the profile of the financial product. SALES TRADING COMMENT, NOT RESEARCH OR HOUSE VIEW. The information contained in this electronic communication and any attached document is confidential, and is intended only for the use of the addressee. The information and material presented are provided for information purposes only. Please be advised that it is forbidden to disseminate, disclose or copy the information contained herein. If you received this communication by mistake, we urge you to immediately notify the person who sent it. Actinver and/or any of its subsidiaries do not guarantee that the integrity of this email or attachments has been maintained nor that it is free from interception, interference or viruses, so their reading, reception or transmission will be the responsibility of who does it. It is accepted by the user on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Equity Research Guide for recommendations on investment in the companies under coverage included or not, in the Mexican Stock Exchange main Price Index (S&P/BMV IPC) Our recommendations are set based on an expected projected return which, as any estimate, cannot be guaranteed. Readers should be aware that a number of subjective elements have also been taken into consideration in order to determine each analyst’s final decision on the recommendation. These include the specific risk profile, financial stance, pending corporate actions, and the degree of certainty of the financial projections, among others. OUTPERFORM: Total return [TR] (including dividends) for year-end 2020 higher than the TR of IPC Index. MARKET PERFORM: Total Return [TR] (including dividends) equal to (+/- 3.5%) the TR of IPC Index. UNDERPERFORM: Total Return [TR] (including dividends) lower than the TR of IPC Index. Important Statements a) Of the Analysts: “The analysts in charge of producing the Research Reports: Ana Sofia Beristain Urbina; Jerónimo Cobián Rincón Gallardo; Enrique Covarrubias Jaramillo; Andrés Diez Fuentevilla; Pablo Enrique Duarte de León; Leonel Alejandro Fuentes Perez; Ángel Galicia Díaz; Scarleth Galindo López; Roberto Galván González; Rafael León de la Vega; Valentín III Mendoza Balderas; Enrique Mendoza Farías; Lilian Jeanette Ochoa Guerra; Ramón Ortiz Reyes; Roberto Ramírez Ramírez; José Ramón de la Rosa Flores, declare”: 1) “All points of view about the issuers under coverage correspond exclusively to the responsible analyst and authentically reflect his vision. All recommendations made by analysts are prepared independently of any institution, including the institution where the services are provided or companies belonging to the same financial or business group. The compensation scheme is not based or related, directly or indirectly, with any specific recommendation and the remunerations only received from the entity which the analysts provide their services”. 2) “None of the analysts with coverage of the issuers mentioned in this report holds any office, position or commission at issuer’s under his coverage, or any of the people who are part of the Business Group or consortium to which they belong. They have neither held any position during the twelve months prior to the preparation of this report”. 3) “Recommendations on issuers, made by the analyst who covers them, are based on public information and there is no guarantee of their assertiveness regarding the performance that is actually observed in the values object of the recommendation” 4) “Analysts maintain investments subject to their analysis reports on the following issuers: ALFA A, ALPEK A, ALSEA *, AMX L, BBAJIO O, CEMEX CPO, FIBRAMQ 12, FUNO 11, HCITY *, LALA B, OMA B, SPORT S, TERRA 13, WALMEX *.” b) On Actinver Casa de Bolsa, S.A. de C.V. Grupo Financiero Actinver 1) Actinver Casa de Bolsa, S.A. de C.V. Grupo Financiero Actinver, under any circumstance shall ensure the sense of the recommendations contained in the reports of analysis to ensure future business relationship. 2) All Actinver Casa de Bolsa, SA de C.V. Grupo Financiero Actinver business units can explore and do business with any company mentioned in documents of analysis. All compensation for services given in the past or in the future, received by Actinver Casa de Bolsa, SA de C.V. Grupo Financiero Actinver by any company mentioned in this report has not had and will not have any effect on the compensation paid to the analysts. However, just like any other employee of Actinver Group and its subsidiaries, the compensation being enjoyed by our analysts will be affected by the profitability gained by Actinver Group and its subsidiaries. 3) At the end of each of the previous three months, Actinver Casa de Bolsa, SA de C.V. Actinver Financial Group, has not held any investments directly or indirectly in securities or financial derivatives, whose underlying are Securities subject of the analysis reports, representing one percent or more of its portfolio of securities, investment portfolio, outstanding of the Securities or the underlying value of the question, except for the following: AEROMEX*, BOLSA A, ELEKTRA*, FINN 13, FSHOP 13, GICSA B, MEXCHEM*, SPORT. 4) Certain directors and officers of Actinver Casa de Bolsa, SA de C.V. Grupo Financiero Actinver occupy a similar position at the following companies: AEROMEX, MASECA, AZTECA, ALSEA, FINN, MAXCOM, SPORTS, FSHOP y FUNO. The date set on the cover of this report is the date of distribution. This report shall be distributed among all clients who can meet the investor profile for the acquisition of the type of values recommended in its content. The concentration in each type of value in a contract by investor profile, is detailed in the following link: click here Privacy Notice Grupo Financiero Actinver S.A. de C.V. (including the entities controlled by it), better known as Grupo Financiero Actinver (from now on "the Group"), with address at calle Montes Urales 620 piso 2, colonia Lomas de Chapultepec, Ciudad de México, Delegación Miguel Hidalgo, C.P. 11000, in Mexico City, México and website www.actinver.com, is accountable for the use and protection of your personal data. 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